Blockrise Secures License Under MiCAR to Expand Services Across Europe

According to Foresight News, Dutch Bitcoin asset management firm Blockrise has received a license from the Netherlands Authority for the Financial Markets (AFM) under the new European crypto asset market regulation (MiCAR). This approval allows Blockrise to continue offering financial services in the Netherlands and aims to expand its operations throughout Europe. Additionally, Blockrise plans to introduce a new Bitcoin-backed loan service to all corporate clients this week, with commercial loans starting at 20,000 euros. Earlier this year, Blockrise secured 2 million euros in seed funding from a consortium of venture capital firms and angel investors. This marks the company's first external funding round, intended to drive business growth. With the MiCAR authorization, Blockrise is preparing for a Series A funding round, aiming to raise 15 million euros.